California Grapes International, Inc (CAGR)

[winnotlose]

If Frank was sinking the ship, then his resignation is a HUGE positive. I would even imagine the board may have strongly advised him to resign. All involved realized 450K was going to lead the company downward. Franks gonna hold the bag for the bankruptcy in China, The stock price should climb on this news in all actuality. CAGR is saved for another adventure!

"Mr. Yglesias clarified that his resignation will also include his retention of the Wholly Owned Foreign Entity (the “WOFE”) known as Beijing Jin Long Fei. This communication further explained that as the “sole” legal representative of the WOFE, his intentions are to liquidate all assets and proceed with the course of paying off the debts and liabilities and close the operation through the legal process of Corporate Bankruptcy in China. "

"We believe that the end result will be a fiscally stronger, healthier company moving forward. The business plan for CGI is not a single revenue stream, but rather multiple channels of revenue."